Lots of people who have relatively stable currencies (EUR, USD..) do not want to use bitcoin. What if bitcoin price goes down? How many extra steps is it to convert my USD to bitcoin and then back to USD? Do I only convert the 19.99 USD for my current purchase into bitcoin or do I put in more?
Do you solve these issues for customers? Or are you only targeting people who already are happy bitcoin wallet users? Are stablecoins part of your strategy?
Given how Visa,Mastercard,Paypal are seen as bad actors. Do you think you can capitalize on that, possibly partnering with Valve or something of that sort?
We as MoneyBadger create an invoice for the customer in their local currency e.g. USD. If they pay with Bitcoin Lightning, they have 3 minutes to complete the transaction at our offered exchange rate. We take on the risk of the price moving.
If they’re paying with one of the exchange wallets we support like Luno.com, VALR.com or Binance.com we do the same, and they can choose to pay with any currency supported by those wallets.
Refunds are processed at time of refund and are for the original amount in the currency of the invoice e.g. USD but at the exchange rate at the time of refunds.
It really all just works the same as paying with a credit card overseas would if you’re paying a EUR bill with USD funds.
Yeah, it seems kind of inconsistent. But the crypto page on peachpayments only mentions bitcoin https://www.peachpayments.com/payment-methods/cryptocurrency and moneybadger seems explicitly bitcoin: https://www.moneybadger.co.za/ ("Bitcoin payments made simple" "Accept Bitcoin or any crypto in-store or online, paid out in South African Rand or Bitcoin" "Pay with Bitcoin" "Accept Bitcoin" etc)
But I guess the answer is
> According to reported statistics, 68 percent of South Africans own or have bought Bitcoin – one of the highest adoption rates globally.
Why not just use Bitcoin Cash? Bitcoin was designed to compete directly with Visa's transaction rate and still can. I don't get why people don't simple use what works?
That still means the chain is growing by 28GB every single day, so 10TB a year.
That's arguably past the point where running a small node is viable, so I would argue you're well into the territory of losing some of the decentralisation properties you want in a cryptocurrency
10TB/yr is like $100-200/yr of hard drives and this price will continue to decrease. Compare this to the transaction fees for a small buisness accepting bitcoin and you will find that it is reasonable. Especially when you consider that reasonably efficient miners start at thousands of dollars.
small nodes don't matter. They can prune or shard the blockchain.
What matters is the economics of medium-sized nodes that are operated by small buisnesses. These are are the entities that have material reasons to run a full node (to accept transactions in an automated manner while preventing theft), and these are the entities that evaluate the rules of the cryptocurrency at the time of transaction.
